This three-bedroom three-bath house, built in 2014 on Jamaica’s west coast, has the fairy-tale charm of the Carpenter Gothic style. Constructed of wood and local stone with cedar shingles and embellished with gingerbread trim and hand-carved fretwork, the roughly 1,600-square-foot, two-story house sits on the banks of the Blue Hole, a mineral spring near the Roaring River.

The property, about 11 acres, is landscaped with rock walls and bridges, creating bathing areas in the Blue Hole and the river, and includes a large gazebo, a caretaker’s cottage, a storage cottage, three pumphouses, a tropical greenhouse and an outdoor bathroom in the garden.

“The house is so convincingly antique that many people believe it’s from the 19th century,” said Walter Zephirin, a managing director of Seventh Heaven Properties, a real estate agency based in London specializing in the Caribbean, which has the listing.

The house, which is built into a small incline, has a main entrance on the second floor that opens to a living area, with an open kitchen on the left. The floors are tropical cherry wood, and all doors are cedar. The Gothic-style windows are topped by wooden fretwork carved by Jamaican artisans, backed with mosquito mesh to allow ventilation.

Virtually all the wooden furniture, which is included in the asking price, was handmade in Jamaica. The kitchen has painted pine cabinets, butcher block countertops and high-end appliances. A wall of cupboards stores hurricane shutters, and the home’s structure and roof are fortified for hurricanes, Mr. Zephirin said.

Beyond the living area is the master bedroom suite, which opens to a second-floor veranda and has a canopy bed and a large bathroom with an adjoining outdoor shower. Next to the master bedroom is another bedroom with a canopy bed and sea views. It has an en-suite bathroom with a cast-iron clawfoot bathtub and a bidet.

The home has no internal staircase; the first floor has an entrance off a lower veranda. It opens to a bedroom suite with a four-poster bed and a large bathroom with an adjoining outdoor shower. The home’s verandas are often used as dining areas, while a nearby gazebo serves as an outdoor living room.

The property has a vegetable garden and an ornamental garden and is landscaped with orange, lime, mango, star apple and papaya trees, among many others. The home is built just above the Blue Hole and the Roaring River, both natural water features springing from a network of subterranean caves. The Blue Hole, full of mullet and freshwater crabs, Mr. Zephirin said, is roughly 80 feet across and about 25 feet deep in the rainy season. During the two-month dry season, its water level falls, but it doesn’t dry up, Mr. Zephirin said.

The closest town, Petersfield, with about 2,250 residents, is a five-minute drive and has basic necessities, while Savanna-La-Mar, the capital of Westmoreland Parish, is about 20 minutes away and has large supermarkets. The closest beach at Bluefields is roughly a half-hour drive, as is Sandals Whitehouse European Village and Spa, which has many restaurants and amenities. The international airport at Montego Bay is about an hour away, Mr. Zephirin said.

MARKET OVERVIEW

The financial crisis of 2008 took a serious toll on the housing market in Jamaica, particularly the higher end, though as economic conditions have improved in Britain and the United States, “we’ve seen renewed interest from clients in second homes on the island,” Mr. Zephirin said.

Though Jamaica continues to be a buyer’s market, tourism hit record levels last year, and almost 3,000 hotel rooms are under construction, which should eventually benefit the housing market, said Rory Marsh, the owner and chief executive of Meldam Realty, based in Ocho Rios.

Foreigners seeking vacation homes tend to focus on the Montego Bay area, Negril and Ocho Rios, while Port Antonio has also become popular after the expansion of its airport, said Nicola Delapenha, a real estate agent with Coldwell Banker Jamaica, based in Montego Bay. While there is an oversupply of homes in some areas, “if a home is properly priced, and it’s on the water — because, contrary to popular belief, we do not have a whole lot of inventory on the water — those properties go fairly quickly,” she said.

Vacation homes typically range from about $800,000 to as high as $10 million, Mr. Zephirin said. But two-bedroom condominiums start at around $350,000 on the oceanfront, and as little as $200,000 to $250,000 off the beach, Mr. Marsh said.

WHO BUYS IN JAMAICA

Foreign home buyers in Jamaica tend to be from the United States, Canada and Britain, with smaller numbers of German and Russian buyers, agents said. Jamaicans living abroad and buying retirement or vacation homes have helped keep home prices in the midrange fairly stable since the global real estate crisis, Mr. Marsh said.

BUYING BASICS

There are no restrictions on foreign home buyers in Jamaica. Because brokers cannot draw up sales agreements, a lawyer is usually needed, agents said. The closing costs on a property usually amount to about 5.25 percent of the purchase price, including the stamp duty, registration fee and other legal fees, they said.

Mortgages are available to foreign home buyers, with fees that vary from 4.5 percent to 5 percent of the loan amount, Ms. Delapenha said. Banks will finance as much as 70 percent of a home’s value for a loan in United States dollars at interest rates of around 5.25 percent, and as much as 90 percent in Jamaican dollars at interest rates starting around 8.5 percent, she said.